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EQT gains as natural gas rally and recent Range deal support sentiment

Investivoq PriceTracker

EQT Corporation (EQT) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp rebound in U.S. natural gas prices, which tends to boost sentiment around large Appalachian gas producers like EQT. Investors may also still be reacting to EQT’s recent agreement to acquire Range Resources and to third-quarter results that showed solid cash generation and spending discipline.

Details:

  • Front-month U.S. natural gas prices climbed above $3.20 per MMBtu after a weather-driven rally tied to colder forecasts, firm LNG export demand, and softer production, a backdrop that can directly improve expectations for EQT’s realized pricing and cash flow.
  • EQT said in its third-quarter 2026 release that capital expenditures were $638 million, 10% below the low end of guidance, while free cash flow attributable to EQT was about $283 million.
  • The company also reported sales volume of 583 Bcfe in the quarter, including strategic curtailments, and exited the period with total debt of $5.6 billion, giving investors fresh operating and balance-sheet markers.
  • EQT’s planned all-stock acquisition of Range Resources remains a major strategic theme, with management presenting the combination as a scale and synergy play tied to long-term U.S. natural gas demand growth.

    • Sources:

    EQT Investor Relations, SEC, TradingEconomics

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $EQT Insider Trading Activity

    EQT Insider Trades

    $EQT insiders have traded $EQT stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

    Here’s a breakdown of recent trading of $EQT stock by insiders over the last 6 months:

    • TOBY Z. RICE (PRESIDENT & CEO) has made 0 purchases and 3 sales selling 98,714 shares for an estimated $5,356,619.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $EQT Hedge Fund Activity

    We have seen 544 institutional investors add shares of $EQT stock to their portfolio, and 597 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 20,541,701 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,092,202,242
    • EAGLE CAPITAL MANAGEMENT LLC added 11,696,998 shares (+319.6%) to their portfolio in Q2 2026, for an estimated $621,929,383
    • WELLINGTON MANAGEMENT GROUP LLP added 6,603,286 shares (+41.4%) to their portfolio in Q2 2026, for an estimated $351,096,716
    • PACER ADVISORS, INC. added 5,999,039 shares (+inf%) to their portfolio in Q2 2026, for an estimated $318,968,903
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,156,865 shares (+inf%) to their portfolio in Q2 2026, for an estimated $221,020,512
    • MORGAN STANLEY removed 4,105,004 shares (-14.4%) from their portfolio in Q2 2026, for an estimated $218,263,062
    • SLATE PATH CAPITAL LP removed 3,886,288 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $206,633,932

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $EQT Congressional Stock Trading

    Members of Congress have traded $EQT stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $EQT stock by members of Congress over the last 6 months:

    • REPRESENTATIVE THOMAS H. KEAN, JR. has traded it 3 times. They made 3 purchases worth up to $45,000 on 07/07, 06/01 and 0 sales.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $EQT Price Targets

    Multiple analysts have issued price targets for $EQT recently. We have seen 5 analysts offer price targets for $EQT in the last 6 months, with a median target of $73.0.

    Here are some recent targets:

    • Josh Silverstein from UBS set a target price of $73.0 on 07/08/2026
    • Lloyd Byrne from Jefferies set a target price of $75.0 on 07/02/2026
    • Sergey Pigarev from Freedom Broker set a target price of $79.0 on 06/30/2026
    • Devin McDermott from Morgan Stanley set a target price of $68.0 on 06/29/2026
    • Gabe Daoud from Truist Securities set a target price of $65.0 on 06/24/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.